A little short on cash this month? Finance your purchase!
There are some expenses that you just don't see coming: technical faults with home appliances, your mum deserves a gift you've had in mind or a little treat that you've been putting off for a while.
With your Openbank credit cards, there's no need to worry. You can easily pay for your purchases that are over budget. And if you're caught off guard by a certain charge, you can finance that too.
Did you know that you can also pay next month with no interest?
Openbank credit cards1 are your new best friends - use them to finance your purchases and payments of €30 or more over 1 month interest-free (0% NIR, 0% APR2) on the website and app.
How can you finance your purchases and payments?
It's simple! From the Customer Area of the website or on the Openbank app:
1. Draw your forefinger! Choose one of your credit cards.
2. Signal your chosen expense! Select the purchases worth €30 or more that you want to finance.
3. Divide and conquer! Choose the repayment term, from 1 to 36 months. You can also settle your purchases or payments 1 month later at zero interest (0% NIR, 0% APR)1.
4. Expense KO'd! Click on “Finance purchase”.
And you're ready to go! You can finance as many purchases as you like.
Which cards can you use to finance purchases?
Premium Credit, Diamond Credit, and Diamond Infinite Cards
You can settle your purchases and payments of at least €30 one month later with zero interest (APR: 0%)1 or pay for them in instalments of between 2 and 36 months (annual NIR: 9.57%; APR: 10.00%)3.
Diamond Infinite Credit Card >
Open Credit Я42 Travel, Vanity Fair Reading Club, El Hormiguero Credit, Open Credit, and Virtual Credit Cards
You can settle your purchases and payments of at least €30 one month later with zero interest (APR: 0%)1 or pay for them in instalments of between 2 and 36 months (annual NIR: 14.00%; APR: 14.93%)2.
Plus, if you have an Openbank account … you can also finance the rest of your payments!
If you have an Openbank Credit Card, you can also finance payments of at least €30 associated with your current account, such as transfers, bills or debit card payments:
- Go to the transactions of your current account.
- Select the payment of at least €30 that you want to finance and click on “Finance payment”.
- Choose the repayment term, from 1 to 36 months. Settling the purchase or payment the following month has zero interest (0% NIR, 0% APR)1 when you use your Openbank credit cards2.
Please note that you can finance payments that do not exceed the limit of your credit card.
Bear in mind that, in all the previous cases, the APR may vary depending on the repayment method selected, as well as on compliance with the individual terms and conditions of the cards. Please note that the APR will change in the second year for cards that are subject to a renewal fee. Read the pre-contractual information for each of the cards at openbank.es.
1 Representative example for a purchase of €200 financed over 1 month with the Open Credit Я42 Travel Card, Vanity Fair Reading Club Card, El Hormiguero Credit Card, Open Credit Card, Virtual Credit Card, Premium Credit Card, Diamond Credit Card and the Diamond Infinite Credit Card: annual NIR: 0%; APR: 0%. Monthly repayment: €200. Total amount owed: €200. Total amount borrowed: €200. Total interests: €0. French amortisation schedule.
2 Representative example for a purchase of €200 financed over 3 months with the Open Credit Я42 Travel Card, Vanity Fair Reading Club Card, El Hormiguero Credit Card, Open Credit Card, and Virtual Credit Card, made on 1st of the month, with the regular payment option and 3 fixed monthly instalments, on the assumption that there are no further drawdowns during that period or any breach of the terms and conditions of the agreement: 14.00% annual NIR; 14.93% APR; 2 instalments of €68.23 and a final instalment of €68.22. Total amount borrowed: €200. Total amount owed: €204.68. Total cost of credit: €4.68. The APR and the total amount to be paid are calculated on the assumption that the agreement will remain in force for the entire term and that the parties will meet their obligations under the agreed terms and conditions and repayment deadlines. French amortisation schedule. Therefore, for this specific example, the cash purchase price would be €200 and the total amount to be repaid in instalments would be €204.68.
3 Representative example for a purchase of €1,000 financed over 12 months with the Premium Credit Card, Diamond Credit Card and Diamond Infinite Credit Card, made on 1st of the month, with the regular payment option and 12 fixed monthly instalments, on the assumption that there are no further drawdowns during that period or any breach of the terms and conditions of the agreement: 9.57% annual NIR; 10.00% APR; 11 instalments of €87.72 and a final instalment of €87.67. Total amount borrowed: €1,000. Total amount owed: €1,052.59. Total cost of credit: €52.59. The APR and the total amount to be paid are calculated on the assumption that the agreement will remain in force for the entire term and that the parties will meet their obligations under the agreed terms and conditions and repayment deadlines. French amortisation schedule.
